Union Budget : A sweet poison

Mukherjee said income upto rs 2 lakh would be taxed at 10% from rs 5 to 10 lakh at 20% lakh would attract tax of 30%. In other tax measures, Mukherjee announced that interest from saving account up to Rs 10000 would be tax free. Also apart from medical insurance, an additional Rs 5000 would be exempted for preventive health checkups.